Download casino in your language:
Kelly`s Criterion
The first one who answered that question was J.L. Kelly. He based his answer
on a mathematical theory of information and its use in telecommunication. He
invented a formula which allowed to calculate the optimum percentage of a given
sum of money which should be allocated in further games. That percentage is
defined by a formula:
In the above formula p is the probability of a success (the game has
to be profitable- that is p>0.5), k-the rates- the net pay in case
of a success in the game.
In the game Mr Smith vs Mr Brown- the optimum strategy for Mr Smith
calculated from the Kelly`s formula assumes betting 4% of the stake money.
It allows to earn 122.6% of the starting money in 1000 rounds- that is
$122.60 in Mr Smith case.
That strategy calculated from the formula only works if we have little
predominance in the game, statistically. It can also be used while playing on
the stock market. The predominance that we have, on our side, is proper
economics knowledge.

Las Vegas Online Casino Winner - Game Guide |Casino War|
|Let It Ride|
|Black Jack|
|Baccarat|
|Poker|
|Roulette|
|Slots|
|Omaha|
|Omaha Hi-Lo|
|Texas Hold'em|
|Caribbean Stud Poker|
|7 Card Stud|
|7 Card Stud Hi-Lo|
|Pai Gow Poker|
|Three Card Poker||Video Poker|
Las Vegas Online Casino - Suggestions and Advices For Players
|FAQ|
|10 Commandments of online gambling|
|Advices For Player|
|Guide For Beginner|
|Stake Systems|
|How To Win| |Poker Glossary| |Gambling Dictionary| | Articles|
|